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Fourth Yuanjiang meeting held at the end or in the coal resources into focus
Source:China Fertilizer Network   Time:2013-09-17   Read:688second  
Recently, private equity investment institutions, revealed to reporters the Fourth National Conference counterpart support work in Xinjiang will be held by the end of September. The focus is not on Yuanjiang work will aid the scale and level, more attention to external assistance in the economy endogenous growth capacity, while advantageous resources transformation is the key directions. 
"This positive stimulus for the formation of Xinjiang plate, especially coal, coal chemical sector." Shanghai a sunny private equity investment manager, told reporters. 
Coal is the most advantage of the resources in Xinjiang, it is understood, Xinjiang coal reserves of 2.19 trillion tons forecast, accounting for about 40 percent, ranking first in the country; conversion of coal resources has also been the focus of the regional government to attract foreign investment. According to media reports, early September Third China - Asia-Europe Expo signed only autonomous region's coal coal coal chemical project will have 12, contracted amount of 59.168 billion. 
"Coal resources into mainly involved in the direction, that is, coal chemicals, coal and natural gas, with an estimated one hand, these businesses listed companies role in promoting, in addition, is also expected to break the current downturn in the coal industry." Said the manager of the private equity . 
According to CSC semi-annual report on the 2012 analysis of the situation of the coal industry, coal companies total revenue reached 396.515 billion yuan more than in 2012 representing a decrease of 27.568 billion yuan, decreased by 6.5%; operating profit of 44.596 billion yuan, representing a decrease of 21.864 billion yuan decreased 32.9%, coal listed companies rising costs, gross margin declined rapidly, income does not increase profits phenomenon is obvious. Our average gross margin of only 22.5% higher than in 2012 dropped 24.7% in the same period of 8.7 percentage points; margin of 8.9% ROE 2.54%, compared with 2012 earnings performance over the same period dropped significantly. 
Coal stocks, coal chemical industry, the number of listed companies in Xinjiang, such as Guanghui Energy, China Chemical, International Industries, Xinsaigufen so on. If Xinsaigufen, coal production in Huocheng blank area within the exploration and exploitation of coal resources, long-term goal is before the end of 2020, annual coal production reached 6,000,000 tons, coal chemical industry scale reached annual processing 6,000,000 tons of coal. 
At the National's policy, the conversion of coal resources are also supported. At the State Council recently issued the "Atmospheric Pollution Prevention Action Plan", it has been clearly stated: to increase natural gas, coal gas, coal bed methane supply. Develop coal and natural gas development plan, to meet the most stringent environmental requirements and safeguard water supplies under the premise of coal and natural gas industry to accelerate and scale pace. 
In fact, in August of this year, Xinjiang's first coal-gas project has been put into production. According to local media reports, the Xinjiang Qinghua coal gas project a project will be completed, yielding first-party coal gas, natural gas pipe network access. 
In this regard, Minsheng Securities believes that Xinjiang's first coal gas project put into production, but also to the industry with confidence and demonstration subsequent coal gas project in Xinjiang is expected to accelerate. 
A brokerage analysts believe that the coal industry, coal and natural gas would be advantageous resources transformation of Xinjiang's main development directions. For Xinjiang is concerned, is the optimal development of this project area. Coal and natural gas requires not only the rich coal resources, demand for water is very high, but also a supporting pipe network construction.
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